Victoria has dethroned Tasmania as Australia’s best-performing state or territory, with its economy leading the nation for the first time since April 2020. CommSec’s quarterly State of the States report, now in its 13th year, compares annual growth rates across eight key indicators to gauge each...
Flight Centre Travel Group says it has bounced back to monthly profitability sooner than expected, although COVID-19 travel restrictions prior to February mean it will report a full-year loss of between $180 million and $190 million. The midpoint of that range is a 11.9 per cent...
Qantas has apologised after a litany of complaints from frustrated passengers who in recent months have endured delayed and cancelled flights, long queues at airports and lost baggage. The airline is planning to address the problems by scheduling fewer flights in the next month and hire...
People who held policies with collapsed insurer Youpla as of April 1, 2020, will receive payouts for funeral expenses. The federal government announced on Monday that as many as 500 people impacted by the collapse will get access to payments in line with the cover eligible...
An agreed $26 million fine for Uber over its misleading fares and cancellation fees seems excessive, a federal court justice says. The Australian Competition and Consumer Commission launched court proceedings against Uber, after the company admitted engaging in misleading or deceptive conduct. Between June 20, 2018 and...
Home buyers have forked out almost $6 billion extra to buy property on the outskirts of major Australian cities in the past decade following “land banking” by developers. A new report from economic think tank Prosper Australia analysed 26,000 sales at nine major master-planned housing developments...